Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Kilroy Realty Corporation Q2 2024 Earnings Call - Monetization and Flower Mart Rework Lift 2025 FFO Guidance
Kilroy used the quarter to accelerate capital recycling and tighten focus on core markets, announcing land and property dispositions that, together with assets already sold, will generate roughly $480...
- Company raised 2025 FFO guidance to $4.05 to $4.15 per share, a $0.15 increase at the midpoint.
- Q2 FFO was $1.13 per diluted share, which included approximately $0.11 per share of one-time items (notably a $10.7M lease termination fee and $6.9M of bad debt reversals/tax refunds).
- Kilroy has four transactions either closed or under contract expected to generate about $480M of gross proceeds in total.
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PotlatchDeltic Second Quarter 2025 Earnings Call - Timberlands and Real Estate Cushion Weak Wood Products, Aggressive Buybacks and Q3 Rebound Expected
PotlatchDeltic reported Q2 adjusted EBITDA of $52.0 million, with Timberlands and Real Estate doing the heavy lifting while Wood Products stumbled on soft lumber prices and a cluster of one time opera...
- Total adjusted EBITDA was $52.0 million in Q2 2025, down from $63.0 million in Q1 2025.
- Timberlands adjusted EBITDA was $40.0 million in Q2, only slightly below Q1, helped by favorable weather and stronger Idaho sawlog realizations.
- Wood Products adjusted EBITDA collapsed to $2.0 million in Q2 from $12.0 million in Q1, hit by lower lumber prices and about $7.0 million of one time adverse items.
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Exponent Q2 2025 Earnings Call - Disputes and utility risk work buoy revenue as utilization and lease costs squeeze margins
Exponent delivered a flat top-line quarter that beat internal expectations, powered by a continued build in high-margin litigation and utility risk engagements even as utilization slipped and non-cash...
- Total revenues rose 1% to $142.0 million; net revenues (before reimbursements) were essentially flat at $132.9 million year over year.
- Net income declined to $26.6 million, or $0.52 per diluted share, down from $29.2 million ($0.57) in Q2 2024.
- EBITDA fell 7% to $37.0 million, compressing the EBITDA margin to 27.8% of net revenues from 30.2% a year earlier.
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IDACORP Q2 2025 Earnings Call - Historic customer surge forces bigger build, higher spending, and regulatory asks
IDACORP reported steady results in Q2 with diluted EPS of $1.76 and first-half EPS of $2.87, nudging full-year guidance up to $5.70 to $5.85 as Idaho Power plans to use $60 million to $77 million of a...
- Q2 diluted EPS $1.76 versus $1.71 a year ago; first half 2025 EPS $2.87 versus $2.67 in 2024, and full-year guidance raised to $5.70 to $5.85, assuming $60M to $77M of additional ADITC amortization.
- Idaho Power recorded $17.2M of additional investment tax credit (ADITC) amortization in Q2 2025 versus $7.5M in Q2 2024; first-half ADITC was $36.5M versus $20M a year ago.
- Customer growth continues to accelerate, up 2.5% year over year overall and 2.7% for residential customers; management highlighted new wins in technology, food processing, mining, and data centers.
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Green Brick Partners Q2 2025 Earnings Call - Record volume, but incentives squeeze margins
Green Brick reported a quarter of operational milestones and mounting margin friction. The company set records for home closings and Q2 net new orders while revenue stayed flat, as rising incentives, ...
- Record operational volume: delivered a company record 1,042 home closings in Q2 2025, and posted a Q2 record 908 net new orders, up about 6% year over year.
- Revenue flat: Q2 home closings revenue was essentially unchanged year over year at $547 million despite higher volumes.
- Margins under pressure: home building gross margin declined 410 basis points year over year to 30.4%, an 80 basis point sequential decline, driven mainly by higher incentives.
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Ryan Specialty Holdings Inc. Q2 2025 Earnings Call - June Property Price Collapse Lowers Near-Term Outlook; M&A and Casualty Strength Keep Growth Intact
Ryan Specialty reported a solid Q2 with revenue up 23% to $855 million and adjusted EBITDA up 24.5% to $308 million, but the quarter ended with a jolt. Property pricing sharply decelerated in June, wi...
- Q2 total revenue grew 23% year over year to $855 million, driven by 7.1% organic growth and ~13 percentage points from M&A.
- Adjusted EBITDA rose 24.5% to $308 million, with adjusted EBITDA margin expanding 50 basis points to 36.1% in the quarter.
- Adjusted EPS was $0.66, up 13.8% versus prior year; adjusted effective tax rate for the quarter was 26% and management expects a similar rate for 2025.
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iRhythm Technologies Q2 2025 Earnings Call - Core monitoring momentum, Zio AT strength, and channel expansion lift revenue and margins
iRhythm reported a clean beat in Q2 with $186.7 million in revenue, up 26.1% year over year, driven by accelerating volume in its core long term continuous monitoring business, record Zio AT performan...
- Q2 revenue $186.7 million, up 26.1% year over year, driven mainly by core long term continuous monitoring volume growth.
- Company raised full year 2025 revenue guidance to $720 to $730 million, citing first half outperformance and sustained momentum across core, Zio AT, and innovative channels.
- Adjusted EBITDA was $15.7 million in Q2, an 8.4% margin, representing a 500 basis point improvement versus Q2 2024.
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COP Defense Q2 2025 Earnings Call - Record defense budget fuels leasing surge, portfolio 95.6% leased
COP Defense reported a solid Q2 with adjusted FFO per share of $0.68, a 6.3% year over year increase, and a string of outperformance that management says stretches across multiple quarters. Leasing mo...
- Adjusted FFO per share $0.68 in Q2, $0.02 above midpoint, up 6.3% year over year.
- Management cites a 30-quarter streak of outperforming FFO guidance, and 20 consecutive quarters of year over year FFO growth.
- Total portfolio leasing reached 95.6%, the highest level in nearly 20 years, with same-property cash NOI up 2.2% in Q2 and 4.6% year to date.
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Five9 Q2 2025 Earnings Call - Agentic AI Momentum Drives Booking, Revenue, and Margin Inflection
Five9 delivered a clean beat in Q2 2025, with subscription revenue accelerating to 16% year over year and total revenue up 12%. The company pointed to striking AI acceleration as the engine: enterpris...
- CEO Mike Burkland announced his intention to retire from the CEO role, will stay on as Executive Chairman until a successor is appointed; board has started a CEO search.
- Subscription revenue accelerated to 16% year over year and now constitutes 81% of total revenue.
- Enterprise AI revenue grew 42% year over year and represents roughly 10% of enterprise subscription revenue.
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Alphatec Holdings Inc. Q2 2025 Earnings Call - Profitability Inflection: Record Adjusted EBITDA, Positive FCF and Raised Guidance
Alphatec says Q2 marked a clear inflection: revenue surged, surgical demand accelerated, margins expanded, and the company produced positive free cash flow. Management reported $186 million in revenue...
- Total revenue $186 million in Q2 2025, up 27% year over year; surgical revenue $168 million, up 29% YoY.
- Procedural volume rose 28% driven by 21% surgeon adoption growth and a 6% increase in utilization.
- Same-store sales in established U.S. territories grew 29% year over year, management cites this as proof demand is organic not just from headcount growth.
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